One of the types of financial relief that a debtor can file for is a Chapter 13 bankruptcy, which is provided for in Federal code and statue. Filing for a Chapter 13 allows the debtor to create a repayment plan of either three years or five years to pay back specific creditors in accordance to the plan. The repayment plan must adhere to the rules that govern bankruptcy, must be agreed to by all parties involved, and must be overseen by a court-appointed trustee. More on Chapter 13 Bankruptcy Reorganizes Debt & Structures Payments